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Nikkei Markets

Hong Kong shares deepen losses as coronavirus cases rise

Smartphone parts makers among top losers as all Hang Seng constituents fall

HONG KONG (Nikkei Markets) -- Hong Kong shares fell to a fresh seven-week low on Thursday after China reported another spike in confirmed cases of a novel coronavirus and a higher death toll.

The Hang Seng Index lost 2.6% to 26,449.13, extending a 2.8% slide from Wednesday to close at its lowest level since Dec. 10. Smartphone component suppliers Sunny Optical Technology Group and AAC Technologies Holdings shed 7.4% and 7.5%, respectively, amid worries over supply-chain disruptions due to the virus outbreak. The two stocks led losses on the index in percentage terms. All 50 components on the gauge ended lower for a second consecutive day.

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